5,686 Shares in United States Lime & Minerals, Inc. $USLM Acquired by SummitTX Capital L.P.

SummitTX Capital L.P. purchased a new position in United States Lime & Minerals, Inc. (NASDAQ:USLM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,686 shares of the construction company’s stock, valued at approximately $743,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in shares of United States Lime & Minerals during the fourth quarter valued at approximately $29,000. Quarry LP bought a new position in shares of United States Lime & Minerals in the 3rd quarter worth $33,000. Empowered Funds LLC bought a new position in shares of United States Lime & Minerals in the 4th quarter worth $42,000. Comerica Bank acquired a new stake in United States Lime & Minerals in the 3rd quarter valued at $85,000. Finally, Fifth Third Bancorp acquired a new stake in United States Lime & Minerals in the 1st quarter valued at $90,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

United States Lime & Minerals Stock Performance

Shares of NASDAQ USLM opened at $112.93 on Friday. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 24.18 and a beta of 0.72. United States Lime & Minerals, Inc. has a fifty-two week low of $94.76 and a fifty-two week high of $141.43. The firm’s 50-day simple moving average is $107.33 and its 200 day simple moving average is $116.12.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.10). The company had revenue of $99.13 million for the quarter, compared to the consensus estimate of $108.00 million. United States Lime & Minerals had a return on equity of 21.29% and a net margin of 35.66%.

United States Lime & Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, August 21st. This represents a $0.24 annualized dividend and a yield of 0.2%. United States Lime & Minerals’s dividend payout ratio is 5.29%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, United States Lime & Minerals presently has an average rating of “Hold”.

About United States Lime & Minerals

United States Lime & Minerals, Inc (NASDAQ:USLM) is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.